140 million shares of LeTV.com equity auction starting price of 137 million yuan
8 subject auctions due to the large number of shares
At 10 o'clock yesterday, the 140 million shares of LeTV.com held by the brothers Jia Yuemin and Jia Yueting were publicly auctioned online.
The equity auctioned this time involves 120 million shares of LeTV held by Jia Yueting and 20 million shares of LeTV held by Jia Yuemin.
A reporter from Beijing Youth Daily noticed that due to the large number of shares, Jia Yueting's shares were divided into six auctions, and Jia Yuemin's shares were also divided into two auctions.
The total starting price of the eight targets is 137 million yuan.
The auction was conducted by the Beijing Third Intermediate People's Court.
It is understood that the starting price of LeTV’s shares is equivalent to 1.134 yuan/share, and its calculation is based on 90% of the average price (MA20) 1.26 yuan/share in the 20 trading days before the auction.
According to convention, the starting price of an equity auction is usually 90% of the average price (MA20) of the 20 trading days before the auction date or 90% of the closing price of the previous day, whichever is lower.
According to relevant regulations, like this time-up auction with a reserve price, the reserve price is the starting price, and at least one person can sign up and the bid is not lower than the starting price before the transaction can be concluded.
On July 21, 2020, LeTV was delisted by the stock exchange and terminated its listing and trading.
On the last trading day, LeTV's stock price closed at 0.18 yuan per share.
Since then, LeTV's shares have been transferred to the National SME Share Transfer System for share transfer.
Since the beginning of this year, LeTV, which trades on the NEEQ, has set dozens of daily limit records.
As of September 10, 2021, LeTV's closing price was RMB 2.22 per share.
It is reported that Jia Yueting is still among the top ten shareholders of LeTV, with a total holdings of approximately 898 million shares, accounting for 22.52% of the total share capital; his brother Jia Yuemin holds approximately 24,513,400 shares, accounting for 0.61% of the total share capital.
In other words, the auctioned shares of Jia Yueting only accounted for less than one-seventh of the shares of LeTV.
Participating in the bidding needs to pay attention to that the taxes and fees involved in the equity transfer should be paid in accordance with the regulations of the taxation department.
After the bid is successful, the buyer (legal representative, person in charge of other organizations) must go to the court to go through the handover procedures together with the authorized agent.
If the buyer himself cannot go to the court to sign the transaction confirmation letter, receive the auction transaction ruling, and receive the subject matter due to objective reasons, the buyer shall submit a notarized power of attorney to the court, and the agent shall bring the notarized power of attorney The original, the original identity certificates of the client and the trustee, go to the court to sign a transaction confirmation letter, receive an auction transaction ruling, and receive the subject matter.
If the entrusted procedures are incomplete, the bidding activity shall be deemed as the personal act of the entrusted agent.
According to the data from Tianyan Check, LeTV Holdings (Beijing) Co., Ltd. is currently executed with a total amount of more than 20.8 billion yuan, and Jia Yueting has been executed with a total amount of more than 19 billion yuan.
Jia Yueting is currently in possession of 12 orders to restrict consumption and has become a dishonest person 19 times.
Text/Reporter Zhang Qin